Alibaba Shares Drop on First Operating Loss as a Public Company
Alibaba Shares Drop on First Operating Loss as a Public Company The e-commerce giant is spending heavily on bulk buying, a risky strategy on the fiercest battlefield in China's Internet space. Stocks quotes in this article: BABA, JD, PDD Alibaba Group Holding (BABA) shares lurched 4.0% lower in Hong Kong trading on Friday, after the company's efforts to build business in cut-price group buying caused profit margins to slip, and miss estimates. The Chinese e-commerce giant is investing heavily in Taobao Deals and its new commu...